IT Salaries on the Rise, According to Dice Survey
Dice Inc., an online recruitment service for technology professionals, has released the results of its 2003 Annual Salary Survey. Salaries for IT professionals have shown marked improvement since 2002.
“The technology market has stabilized and salaries are beginning to recover overall,” said Scot Melland, president and CEO of Dice Inc. “Average salaries for women, for example, have recovered faster as evidenced by the narrowing of the gender gap. Entry-level technology professionals are also earning more money, which is consistent with economic turnaround.”
According to the survey, entry-level positions featuring workers with less than 2 years of technology experience increased 3 percent since 2002. Conversely, earning power declined for more experienced tech workers over age 50 about 2 percent.
For the first time since Dice began conducting the survey in 2000, the disparity between men and women’s IT salaries has decreased. Women’s salaries went up 5 percent compared to men’s 2 percent due in part to more time spent in the office. But, women who reported working more than 55 hours per week still earned 7.5 percent less than men. The salary gender gap varies by industry. Women’s salaries ranged from 3 percent less than men’s in the Internet services industry and 19 percent less in the medical and pharmaceutical industries.
Overall, the IT job market outlook is good. Jason Medick, marketing director at Dice said that hard-hit areas like the Pacific Northwest and California’s Silicon Valley are stabilizing as delayed projects are given the green light. “We’re seeing average salaries from last year increase to the tune of 2 to 3 percent, which isn’t spectacular but it is a good thing,” said Medick. “We’ve hit the bottom, and we’re starting to see the beginnings of a turnaround.” Specifically, job postings in the Silicon Valley are up 8.2 percent, and the number of Boston jobs has increased 16.7 percent since 2002.
Top-paying technical skills for 2003 included SAP and PeopleSoft, inter-enterprise and enterprise software applications. Other areas where tech salaries showed increased activity include government/defense and computer hardware.
For more information about the 2003 Salary Survey: http://www.dice.com.